SatCon Receives Order for Smart Digital Controllers; SatCon Power Systems StarSine Power Conditioning System Supplies UPS Quality Power

    CAMBRIDGE, Mass.--Nov. 13, 2001--SatCon Technology Corporation(R) , a leader in power and energy management products, announced today that SatCon Power Systems, Canada, has received an order for its StarSine(TM) Power Conditioning System (PCS) from SAFT America, Inc., a subsidiary of Alcatel for an uninterruptible an uninterruptible power supply (UPS) system that includes distributed power generation. SAFT will supply an advanced Lithium Ion battery as the energy storage device and the distributed power generation device will be a 60kW microturbine. SatCon's StarSine PCS will provide the power conversion for the battery along with the controls to supply UPS power quality. The UPS is an innovative method of combining advanced energy storage with distributed power generation to provide high reliability power. The system is being supported by the US Department of Energy and is expected to be installed in April 2002.
    "The StarSine PCS has been specifically designed to provide UPS quality power through the combination of advanced energy storage devices, including innovative batteries and flywheels, with advanced distributed power generation, including fuel cells and microturbines," said David Eisenhaure, SatCon's president and chief executive officer. "The SarSine PCS is the heart of the UPS system and enables new energy applications to be applied to high value critical power applications. This product is part of our family of products that includes both static and rotary UPS systems to provide high quality, high reliability power. In recent weeks we have announced the sale of several of our UPS and power quality products."

    About SatCon Technology Corporation

    SatCon Technology Corporation manufactures and sells power and energy management products for digital power markets. SatCon has three business units: SatCon Power Systems manufactures and sells power systems for distributed power generation, power quality and factory automation. SatCon Semiconductor Products manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, and aerospace applications. SatCon Applied Technology develops advanced technology in digital power electronics, high-efficiency machines and control systems with the strategy of transitioning those technologies into products. For further information, please visit the SatCon website at www.satcon.com.

    Statements made in this document that are not historical facts or that apply prospectively are forward-looking statements that involve risks and uncertainties. The important factors that could cause SatCon Technology Corporation's ("the company's") actual circumstances, or results, to differ materially from those implied by such forward-looking statements include the ability to successfully manufacture and meet operating specifications with their StarSine Power Conditioning System; for the controllers to be successfully integrated at SAFT; for SatCon to receive any additional orders; developments in the company's business and industry; market conditions; and the inability to gain customer acceptance of the company's products. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's filings including, but not limited to, the 10-K and 10-Q. Copies of those filings are available from the company and the Securities and Exchange Commission.